No it is not, at least as compared to IZI. Both Luna Rossa Ana IZI's menus are available online for comparison and on items that compare the pricing is similar. There are items on Luna Rossa's menu that are more expensive without a comparable offering from IZI.

Luna Rossa is good dining and good service at a reasonable cost. It might not be everyone's cup of tea but that are many other eateries out there for those that are looking for something different.